Neteller Claims US Funds Soon To Be Released

Don't miss one article! Subscribe to the Full Feed RSS or get NPA in your inbox.

For those US customers (still) waiting to withdraw their money from Neteller, the company claims they are coming up with a deal to release the funds. [Emphasis added.]

NETELLER is continuing to cooperate with the investigation being conducted by the United States Attorney’s Office for the Southern District of New York (“USAO”), under the advice of its legal advisers and in accordance with court orders in the Isle of Man. The Company is in discussions with the USAO for the purpose of resolving the investigation. The Company has advised the USAO that it will use its best efforts to resolve the investigation no later than 13 July 2007.

On 21 March 2007, the Company announced that it signed agreements with the USAO and Navigant Consulting, Inc. (“Navigant”) with respect to, among other things, developing a plan for the distribution of funds to US customers. Since then, in accordance with the agreements, the Company has worked with the USAO and Navigant to develop the plan. The Distribution Plan is now agreed upon, and the Company anticipates implementing the plan upon the resolution of the investigation.

It sounds more promising to me than any of the past statements, but I’ll believe it when I see it.

 Print :: Trackback :: Respond ::